selling agent: The HEAT around the corner! or (where have all the repo's gone?)
- 02/23/09 03:28 PM
I don't mean it's getting hot as in weather here in sunny California, what I mean is the amount of buyers around the corner when another low priced foreclosure hits the market. It almost felt like I had a sticker on the back of my car that read: "FOLLOW ME TO A LOW PRICED REPO!" What point am I trying to make you might ask? Well contrary to media reports I am going to go ahead and say that in my local market buyers are buying up all the repos like funnel cake! I mean we've got agents in my … (0 comments)
selling agent: R.E.O. explained to the best of my knowledge!!! (Real Estate Owned by a Corporate Entity)
- 12/08/08 03:41 PM
Bank Owned properties or R.E.O (real estated owned by a corporate entity) sales are much easier than a short sale. The only problem with a reo is the conditions of the transaction. In most cases the bank will sell the property in as-is condition. Depending on the kind of financing you have in place, some lenders will not close the escrow if the home is not habitable. In the case of the price, the price is usually set low to attract a lot of attention. We have come up with the conclusion that on average it takes 22 showings to generate … (1 comments)
I don't mean it's getting hot as in weather here in sunny California, what I mean is the amount of buyers around
;)
;)
